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PSX closes positive despite volatility

PSX closes positive despite volatility

KARACHI: The Pakistan Stock Exchange on Tuesday managed to close positive as the benchmark KSE 100-share Index recorded an increase of 66.47 points or 0.16% to settle at 41,419.24.

Major participation was seen in Engro Polymer and Chemicals (+2.83%) and its price climbed to test the upper ceiling, followed by Nimir Resins (+2.36%) and Pakgen Power (-0.69%).

The three stocks together contributed nearly 40 million shares or 24% of the total traded volumes in the regular market during the day.

Overall, trading volumes decreased to 167.3 million shares compared with Monday’s tally of 176.4 million. The value of shares traded during the day was Rs7.68 billion.

Shares of 375 companies were traded. At the end of the day, 168 stocks closed higher, 185 declined and 22 remained unchanged.

Engro Polymer was the volume leader with 15.96 million shares, gaining Rs1.11 to close at Rs40.34. It was followed by Nimir Resins with 13.93 million shares, gaining Rs0.23 to close at Rs9.96 and Pakgen Power with 10.4 million shares, losing Rs0.12 to close at Rs17.35.